ISLAMABAD: The Election Commission of Pakistan (ECP) has released details of assets of political parties for the financial year 2010-11, showing the ruling PPP among the poorest parties of the country.
The party, registered under the name of PPP-Parliamentarians, had only Rs435,397 in its account on June 30, 2010, with no immovable property anywhere in the country.
The statement of accounts of the PPP-P, submitted by its secretary general and now Prime Minister Raja Pervez Ashraf, shows that of the Rs435,745, the party spent only Rs348 during the entire financial year.
The political parties have not submitted their statements of accounts under the set procedure, making it difficult for the ECP to ascertain the actual value of assets. It also exposed the inability of the commission to verify their account details.
The statements of accounts for 2010-11 submitted under the Political Parties Order 2002 show that the Pakistan Muslim League-Q had assets worth Rs51.91m, which included a house worth Rs23m on Margallah Road in Islamabad. The PML-Q spent Rs11.9m under various heads.
Interestingly, the PML-N has also mentioned the Margallah Road property in its details of assets worth Rs33.5m. However, it calculated the value of the disputed property at Rs27.1m.
The PML-Q, which is presently in possession of the house, had set up its office before the 2002 elections and after the Sharif brothers left the country under a deal with then military ruler Gen Pervez Musharraf in Dec 2000.
Besides this, the PML-N also mentioned its party office on Karasaz Road in Karachi as its property worth Rs50m. It has shown Rs6.3m in its bank accounts in Islamabad and only Rs558 in Sindh. Internews